As decisions are made to address changes in reimbursement in your work place, how are these changes shared with the nursing staff? What suggestions do you have that could increase nurses’ awareness of health care financing issues?
Requirements: 500-600 words
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Every day, Hospitals face tremendous pressure due to their unique role in contemporary society. According to Emich (2018), Financial constraints are the biggest challenge facing hospitals in their quest to provide quality healthcare. This is because it is hard to mobilize funds to finance quality healthcare initiatives and other service delivery advancements while staying afloat. The economic barrier that hospitals face is common, regardless of each hospital’s size or location (Bowblis & Applebaum, 2017). The financial difficulties force the hospitals to charge more for their services to compensate for the rising costs. Health financing is achieved through private funding, which entails patients spending on their health bills, a combination of government funding, and direct external aid (Emich, 2018). The alarming cost of healthcare costs has further triggered governmental intervention through policies and financial reimbursements. Some of the government’s efforts to foster healthcare delivery to the population include Medicaid and Medicare interventions.